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Tag: Congress

Senate Acquits Trump

Senate Acquits Trump

>>The Senate has voted to acquit Donald Trump. Now, this is something that we expected because it has been a very bipartisan process. However, there was one surprising component of this. Republicans and Democrats had appear to be marching toward an early party-line vote. But Senator Mitt Romney, the party’s presidential candidate eight years ago, became the only GOP lawmaker to join Democrats in voting to convict Donald Trump on one count for what he called quote, an appalling abuse…

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São Paulo: South America’s MEGACITY

São Paulo: South America’s MEGACITY

The dramatic cliffs and endless beaches of Rio de Janeiro makes it the city that probably first comes to mind when you think of Brazil. São Paulo, the largest metropolis in the southern hemisphere, is the true economic engine of the world’s sixth most populous country. In 1554, Catholic missionaries with the help of indigenous workers built a small village perched 750 metres above sea level and 70 kilometres from the Atlantic coast. It was the only inland settlement in…

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America’s Debt Crisis Explained

America’s Debt Crisis Explained

If you’re under, say, 30, you have a tsunami-sized problem coming toward you, and you probably don’t even know it. That killer wave is the national debt. Countries, like people, go into debt when they spend more than they have. You and I buy things with the money we earn. Governments buy things with money they get from taxes. When spending outstrips revenue, the government is “in the hole.” Right now, the hole is $17 trillion dollars deep. This is…

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Understanding America’s Debt Problem

Understanding America’s Debt Problem

Good morning Hank, it’s Wednesday. We seem to have found ourselves in something of a debt crisis, and by we I don’t mean like, the vlogbrothers, I mean, like, the planet. I’ve already talked about sovereign debt problems in Europe; today I want to talk about the purported American debt crisis. But first let me define a few terms. There are basically two kinds of debt. Unsecured debt is debt that you promise to pay back but, uh, y’know, I…

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